put his two announcements together from 7 June and today, you'll see he has used the stock as collateral to purchase some calls on a spread of $0.40 to $0.56, the bank has "borrowed" the stock to lend him the $. the bank would have bought stock to cover the call so he's effectively buying more shares
after all the shorting by the hedge funds over the last 6 months (check out the substatial notices to find out who that was), why would he want to short his own company!
duh!
put his two announcements together from 7 June and today, you'll...
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Last
$1.06 |
Change
0.000(0.00%) |
Mkt cap ! $319.4M | |||
| Open | High | Low | Value | Volume |
| $1.06 | $1.07 | $1.05 | $273.4K | 258.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 467 | $1.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.06 | 2397 | 1 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| ACF (ASX) Chart |